Form 4: Topgolf Callaway Brands Director Bavan Holloway Reports RSU Vesting and New Equity Grant

Topgolf Callaway Brands Corp. Director Bavan Holloway reported the vesting of 8,096 Restricted Stock Units into common stock and the grant of 18,546 new Restricted Stock Units.

Summary

• Bavan Holloway, a Director at Topgolf Callaway Brands Corp. (MODG), acquired 8,096 shares of common stock on May 30, 2025.
• This acquisition resulted from the vesting of Restricted Stock Units (RSUs) that were originally granted on May 30, 2024.
• Following this transaction, Bavan Holloway's direct beneficial ownership of common stock increased to 22,901 shares.
• Additionally, Holloway was granted 18,546 new Restricted Stock Units on May 29, 2025.
• These newly granted RSUs are scheduled to vest in full on the first anniversary of the grant date, which is May 29, 2026.

Sentiment

Score: 7

Explanation: The filing details routine compensation activities for a director, involving the vesting of previously granted Restricted Stock Units and the grant of new ones. This is a standard part of executive compensation and aligns the director's interests with shareholders, generally viewed as a neutral to slightly positive event.

Positives

• Acquisition of 8,096 shares of common stock through RSU vesting, increasing the director's direct ownership in the company.
• Grant of 18,546 new Restricted Stock Units, further aligning the director's long-term interests with those of the shareholders.

Stakeholder Impact

• Shareholders: The director's increased equity ownership and new RSU grant further align their interests with those of the shareholders, potentially fostering long-term value creation.

Next Steps

• The 18,546 Restricted Stock Units granted on May 29, 2025, are expected to vest on May 29, 2026.

Key Dates

Keywords

Topgolf Callaway Brands Corp., MODG, Bavan Holloway, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU vesting, Equity compensation, Director compensation